On 3 June 2020 HSBC disclosed that Peter Wong, its Asia-Pacific chief executive, had signed a petition supporting the national security law that Beijing was preparing to impose on Hong Kong.
HSBC said on social media that it “respects and supports all laws that stabilise Hong Kong’s social order”. Reuters described it as the strongest show of support for Beijing yet by a major global bank. Standard Chartered issued a similar endorsement.
Pro-democracy activist Joshua Wong called it a “vivid example” of how China would use the law as leverage for political influence.
HSBC’s position
HSBC said it “respects and supports all laws that stabilise Hong Kong’s social order”.
The evidence
3 sources- Exhibit AHSBC, Standard Chartered back China’s security law for Hong KongFortune · 4 June 2020 · fortune.com
- Exhibit BHong Kong: HSBC and Standard Chartered publicly back controversial security lawsBusiness & Human Rights Resource Centre · June 2020 · business-humanrights.org
- Exhibit CHSBC backs China’s national security law for Hong KongThe Washington Times · 3 June 2020 · m.washingtontimes.com
Last checked 2 November 2026. Something wrong or out of date? Tell us and we’ll correct it.